Business, international

DENMARK: SKANDINAVISK TOBAK TO ADJUST TO RULES

Article Abstract:

Skandinavisk Tobakskompagni, the Danish tobacco producer, is to start developing new cigarettes to adjust to the future tougher EU regulation concerning the content of different substances in cigarettes. By now, Danish regulation allows 12 grams of tar per cigarette; this is likely to be reduced to 10 grams. As regards the content of nicotine and carbon monoxide, this is not regulated in Denmark, whereas the EU wishes to introduce limits of 1 milligram and 10 milligrams respectively. However, Director Claus Bagger of Skandinavisk Tobakskompagni says he doesn't expect the company's profitability to be negatively affected by the new regulation.

DENMARK: JOINT VENTURE BETWEEN IT COMPANIES

Article Abstract:

Micot Holding A/S is a new joint venture between the Danish companies IT companies Memory Card Technology and IOD Denmark. The new company will market the so-called Microstorage products on markets outside Europe through subsidiaries in the US and Australia. Turnover is expected to reach DKr 50mn (USD 7mn) in the first year.